number of weaknesses in the approach taken in the eurozone. In Europe, there was an unresolved tension between the so …

-asset price movements in a sign-restricted BVAR model to analyse the extent to which euro area and US yields, equity prices, and … the euro-US dollar exchange rate are jointly driven by monetary policy, macro and global risk factors. A novelty is that … of euro area financial variables. Euro area shocks transmit much less to US financial markets in comparison, with global …

The debt crisis in several member states of the euro area has raised doubts on the viability of European Economic and … Monetary Union (EMU) and the future of the euro. While the launch of the euro in 1999 stirred a lot of interest in regional … had the opposite effect, even raising expectations of a break-up of the euro area. Indeed, the crisis has highlighted the …

markets, in resolving current policy challenges in the euro area, especially in the area of monetary easing and greater … fragmentation, improving the allocation and pricing of liquidity, and supporting cross-border investment within the euro area …

replaced national collateral lists with a single list specifying which assets euro area banks can pledge as collateral. Banks …

replaced national collateral lists with a single list specifying which assets euro area banks can pledge as collateral. Banks …

replaced national collateral lists with a single list specifying which assets euro area banks can pledge as collateral. Banks …

regime, euro area banks could pledge all euro area bank loans as collateral, not only domestic loans as before the framework …

The paper provides an analysis of the euro area money and bond markets and their infrastructure since the introduction … of the euro. Significant development in terms of integration took place in both markets in general to a various degree … but apply more generally to euro securities infrastructure, identifies fields where further action is required. This …